Trading Strategy

1. Draw a trend line: daily chart to determine the trend whether is uptrend or downtrend (Draw from bottom to bottom or vice verse) and also a horizontal line to watch out a breakout(This strategy like reflexivity from George Soros).
2. Please do remember to lock your PROFIT before you get lose. Always follow the rule & discipline.
3. Money management is the most important for double or triple up your profit.
4. Don't get lost emotion while you in losing or winning. Must always remember where are you and what should you do in this situation. Let the profit keep running or cut lost.

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Monday, May 2, 2011

Trading experience

After trade for a few year, i like to use trend for trading. All people like to say follow the trend but what kind of trend we need to follow? From my experience, i would like to say that weekly and daily trend was the most useful indicator to judge the trending system. Reminder, please stop using any indicator such as stochastic,RSI, Macd and etc. All these indicators were for those who want to make money or take money from you. They using nice chart and implemented their trading system due to adding an additional indicator to make sense so their system was working fine to alert you to buy or sell. i can say that, don't even have indicator can 100% or guarantee you can make money.
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